BBB Foods Inc. $TBBB Shares Purchased by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC increased its stake in BBB Foods Inc. by 100% in the first quarter, owning 250,000 shares worth approximately $6.67 million.
• Analysts have mixed views on BBB Foods, with Itau BBA upgrading its rating to "outperform" and setting a target price of $36.00, while Wall Street Zen downgraded it to a "sell" rating.
• BBB Foods recently reported a loss of $0.13 earnings per share, falling short of the expected loss of $0.04, and generated $1 billion in revenue for the quarter.

Seven Grand Managers LLC increased its position in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 100.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 250,000 shares of the company's stock after acquiring an additional 125,000 shares during the quarter. BBB Foods makes up approximately 1.6% of Seven Grand Managers LLC's holdings, making the stock its 23rd biggest holding. Seven Grand Managers LLC owned approximately 0.22% of BBB Foods worth $6,670,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Tempus Wealth Planning LLC raised its stake in BBB Foods by 4.7% during the first quarter. Tempus Wealth Planning LLC now owns 12,703 shares of the company's stock worth $339,000 after purchasing an additional 571 shares during the period. J.Safra Asset Management Corp raised its stake in BBB Foods by 6.4% during the first quarter. J.Safra Asset Management Corp now owns 10,925 shares of the company's stock worth $291,000 after purchasing an additional 661 shares during the period. Verdence Capital Advisors LLC raised its stake in BBB Foods by 15.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,566 shares of the company's stock worth $229,000 after purchasing an additional 1,136 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in BBB Foods by 124.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after purchasing an additional 1,187 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of BBB Foods in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 8.42% of the company's stock.

BBB Foods Stock Up 0.6%

BBB Foods stock traded up $0.1450 during midday trading on Wednesday, hitting $25.7750. 81,085 shares of the stock were exchanged, compared to its average volume of 777,670. BBB Foods Inc. has a 1 year low of $23.00 and a 1 year high of $35.22. The firm has a market cap of $2.94 billion, a P/E ratio of -322.19, a P/E/G ratio of 11.58 and a beta of -0.02. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.69 and a quick ratio of 0.44. The company has a 50 day moving average price of $26.16 and a two-hundred day moving average price of $27.13.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The company had revenue of $1 billion for the quarter, compared to analyst estimates of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. On average, sell-side analysts predict that BBB Foods Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TBBB shares. UBS Group raised their target price on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, The Goldman Sachs Group raised shares of BBB Foods to a "hold" rating in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, BBB Foods has an average rating of "Hold" and a consensus price target of $33.17.

BBB Foods Profile

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins.